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OIL AND NATURAL GAS CORP.OIL AND NATURAL GAS CORP.OIL AND NATURAL GAS CORP.

OIL AND NATURAL GAS CORP.

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ONGC trade ideas

ONGC: Post Q1 FY 25STANDALONE: 1. Revenue 37,237 crores down by -2.58% QOQ up by 5.37% YOY 2. EBITDA 11,956 crores down by -7% QOQ , down by -14.8% YOY 3. PROFIT 8,938 crores down by -9.43% QOQ ,down by -15% YOY 4. EPS 7.1 down by -9.5% QOQ, down by -15% YOY CONSOLIDATED: 1. Revenue 1,69,562 crores down by -0.18% QOQ up by 1.92% YOY 2. EBITDA 13,981 crores down by -8.1% QOQ , down by -42% YOY 3. PROFIT 9,936 crores down by -1.7% QOQ ,down by -32% YOY 4. EPS 7.9 down by -1.6% QOQ, down by -32.15% YOY has declared total 5 discoveries in FY25 so far it has has declared 3 more discoveries (1 in onland and 2 in offshore) in its operated acreages. The crude oil realisation for the first quarter stood at $83.05 per barrel, compared with $76.36 in the last year quarter. During the reporting period, the total crude oil production fell marginally to 5.23 mmt, while the same from joint ventures stood at 0.35 mmt. The total gas production during the quarter fell 4% to 4.86 BCM in the first quarter under review. Technical Analysis :: For bullishness it should hold the level above 310. If fail to hold above 310 and broke down 303 and trade below it , then it may go again sideways in the range 257 to 300
NSE:ONGC
by Apu_3007
Long on ONGC for Long termThe stock reached ATH of 314.55 on 9th June 2014. It then fell by almost 84% to reach 50 on 13th Mar 2020. It took support at the lower trend line to reach high of 194.95 on 8th Mar 2022. It faced a correction of almost 38% reaching a 52W low of 119.85. on 6th July 2022. Recently, it took support from lower end of the channel rising nearly 33.62% in 9 months. Recently it gave a breakout from upper resistance trend line with a large bullish candle rising 4.35% on 10th Apr 2023. The stock is trading above all short term as well as long term moving averages.RSI is above 60, which indicates bullishness. Maintain a Stop Loss of 150.55 on daily closing basis. Potential: 28% to 60%
NSE:ONGCLong
by finvestar
ONGC Witnesses a Multiyear Breakout - What's Next? When analyzing the monthly chart, it's clear that the stock price has experienced numerous fluctuations. In June '14, the stock reached a high near 315 level before taking a sharp downturn. By March 2020, the stock price had plummeted to just 50 INR. However, from that point, the stock began a strong upward movement with significant volume increase. An ascending triangle pattern appeared on the chart, and the price successfully broke through the pattern to continue its upward trend. Ultimately, the stock managed to surpass its previous resistance. As long as it maintains above the 300 level, the price is likely to continue its upward trajectory.
NSE:ONGCLong
by GoodluckCapital
Bullish break out in the stocks for this week 08/07/2024.. ONGC is a government sector company is trading around the resistance zone. If there is a break out of the consolidation zone good returns can be captured in the stock. The stock has taken a good support from 20 ema which also gives a confidence to hold the stock for a swing trading. Even on the daily charts, the stock has test the 200 ema and chance of it clearing the resistance level is high. A round number figure of 300 can be seen as the next resistance as the stock will be trading in an uncharted zone after the break out. Kotak bank has been trading in a range and the upper resistance zone is around 2050 levels. The stock is currently trading around 1850 levels and has taken support from both the moving averages on the weekly charts. If the stock sustain the break out there are chance of it hitting the resistance level soon. The target for trading are there on the chart. Long term stock positions can also be created in the stock as it seems to show some bullishness. Wait for the price action near the levels before entering the market.
NSE:ONGC
by TheMamboMomentum
ONGC 1HRINTRADAY TRADE - EARN WITH ME DAILY 10K-20K – ONGC Looking good for Downside.. When it break level 322.65 and sustain.. it will go Downside... SELL @ 322.65 Target 1st 319.45 2ND 316.90 FUTURE AND OPTION ONGC JUL FUT – LOT 7 (Qty-13475) ONGC JUL 335 PE – LOT 7 (Qty-13475) – PRICE (15.65) Enjoy trading traders.. Keep add this STOCK in your watch list.. Big Investor are welcome.. Like this Post??? Hit like button..!!! Follow me for FREE Educational Post and Alert..
NSE:ONGCShort
by Prashant019
1
ONGC breakout after 10 years on monthly time frame. ONGC reached this level in 2014 after 10 years now this level has been broke out and ready for the next target. It has been seen in many stocks that if a stock gives breakout after a long period of time i.e. 10-15 years, then according to past experience like every one has seen what happens in RECLTD and PFC becomes multibaggers. So, like wise every one to keep eye on this stock as it has also given 10 years breakout. Further, if we talk about technically on monthly time frame RSI indicator is in overbought zone and MACD is rising relentlessly. Whenever stock comes in overbought zone, it may stay there for a period of time and then after it may exit the overbought zone which means stock will show some correction. Investor can participate in this stock as it is showing great strength on monthly chart. As I mentioned above the best examples of monthly breakout may results in multibaggers. Before investing your hard earned money, every investor should decide when to exit if stock does not go in their favour. By following this method you will take limited loss, but keeps you to alive in this market for next investment. Disclaimer:- This study only for learning purpose. This is not a recommendation to buy/sell stock. Before investment take advise of your finance advisor or expert. Thank you. Follow for more .
NSE:ONGCLong
by llovecricket892